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A Rally's Return?

By Cody Willard

 About this article:
 Remember what it felt like when stocks rallied for more than one day at a time? Remember when stocks would pop on good news and go up a little bit on bad news? Remember when you could make good money on the long side, and unless you were outright aggressive in those long positions you felt underexposed and regretful? I note that I've written several times in the last few weeks that "only the shorts get paid in this market." Think about how hard it was to get paid on shorts throughout the first four months of this year. You know the bears had to be wondering when the endless rallies and spikes would die down. They did die down -- but only after the shorts gave up and squeezed themselves out of their many, many losing positions and decided they needed long exposure to stay up. Those...

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